Investor That Can See The Future

Chapter 104

The results of the Xcop bid quickly spread to the business and financial circles.

Vice Chairman Shin Byung-doo of RCK Bros. asked with a ridiculous expression

“You said you took it for a hundred thousand dollars?”

“That’s right.”

$2.93 billion and $2.93 billion.

Only $100,000 was the difference between victory and defeat. This is almost unheard of in a trillion-dollar bid.

“What do you think?”

The answer seemed to have been decided.

“It seems that OTK Company and Golden Gate have obtained inside information about Eunsung Motors.”

Vice Chairman Shin Byung-doo nodded his head as if in agreement with Team Leader Ha Chang-hoon.

“Otherwise, this would not have happened.”

A bid is a bite-and-bit battle. Obtaining information about competitors is essential.

It collects and analyzes all data such as financial capacity, current situation, CEO’s tendency, and investment history, and then predicts how much the competitor will spend. Conversely, this information is thoroughly hidden and false information is leaked.

It can be said that all methods are allowed, except for clearly illegal methods such as kidnapping, intimidation, and wiretapping.

If the bid is really obtained in advance, it is the fault of the party who did not manage it properly. In a nutshell, the victim is an idiot.

RCK Bros. also made every effort to figure out the bids of its competitors. However, it was impossible to determine the exact amount without an insider.

‘That means there are insiders in Eunsung car… … .’

But there is one thing I don’t understand.

“If you had found out the bid price of Eunsung car through an insider, how much would Team Leader Ha spend?”

“Three million… … No, I would have spent 5 million more. That way we can avoid any doubts.”

“That’s common sense.”

The bid is confidential.

They make last-minute decisions, and few people know about them. Until the announcement at RCK Bros., only four people knew the bid. Perhaps the silver car will be similar.

“And yet, you only wrote an extra $100,000, which is the lowest bid unit. It’s like advertising an insider for stealing information.”

There is no common sense that Vice Chairman Han Chan-young would have leaked it.

In the end, very few people who know the bid, including team leader Seo Sang-won, will be on the suspect. Once the audit team in the group’s keynote room begins the audit, it’s not that difficult to find an insider.

There would be no way that information would have been handed over without payment, so traces of contact or receipt of money would remain.

Even if OTK Company and Golden Gate escape, employees who commit illegal acts cannot avoid legal responsibility.

“Is there any chance it might be a coincidence?”

Team leader Ha Chang-hoon thought for a moment and then shook his head.

“Actually, I don’t even know. It was so unexpected.”

Perhaps other companies are also eager to speculate and analyze. Eunseong car must have turned over.

“The bid was probably written by Governor Oh Hyun-joo, right?”

“I will. CEO Kang Jin-hoo has no experience in public bidding.”

In hindsight, the lack of experience is the same for Oh Hyun-joo. However, the result was completely staggering.

‘I don’t think Oh Hyun-joo would have spent money in this way. Could this also be Kang Jin-hoo’s work?’

Vice Chairman Shin Byung-doo said as if kicking his tongue.

“Only commercial banks have become pitiful.”

As the acquisition price exceeds 3 trillion won, a loan is essential. Considering that 50% of the acquisition funds are usually loans, the loan amount alone is 1.5 trillion won.

The amount is large and the possibility of loss is zero as it is a senior loan. Until repayment, interest can be stably collected for as short as 5 years or as long as 10 years.

Regardless of who succeeded in the acquisition, the banks that gave loans were in a situation where they saw good things and ate rice cakes.

In addition to private equity funds that originally operate with other people’s money, Eunsung Motors, which is overflowing with internal reserves, signed contracts with commercial banks to borrow 1 trillion won if the acquisition succeeds.

The OTK Company & Golden Gate Consortium was the only one that did not have a loan contract with a commercial bank in the funding plan.

However, in the end, they were selected as the final acquisition negotiator.

From the bank’s point of view, they enjoyed good food, but they couldn’t eat rice cakes.

* * *

The triumph arrived first before we got to the company.

Upon entering the Golden Gate Building, the employees gathered in the lobby all applauded. The employees of the Asian branch and the Korean branch, who were in charge of the due diligence, embraced each other and rejoiced.

Everyone struggled because they couldn’t sleep well, but I’m glad the results came out well.

The working group has already moved to Morgan Stanley. All that remains is a formal procedure. After agreeing on the detailed conditions, signing the contract and depositing the sale price, you are done.

The total acquisition amount was 3,223 trillion won.

Since the stake is 7 to 3, OTK Company has to pay 2.256 trillion won. Of this, 80%, or 1.805 trillion won, was given to Golden Gate as a senior loan, so you only have to pay 451 billion won in real cash.

There was also a security manager in charge of building security in the lobby. Of course, he belongs to X-Cop.

Hyun-joo’s older sister approached him and held out her hand.

She said, “Now we have become a real member of the family. I wish you all the best in the future.”

The security chief grabbed her hand.

“I will continue to work hard, Governor.”

It was like a gesture to show that X-Cop belonged to us.

The staff applauded again and rejoiced.

“You worked hard, Ellie.”

Ellie smiled at me.

“Jinhoo too.”

* * *

At the news of the successful bidding, cheers erupted from the OTK Company building. We went up to the CEO’s office once again congratulating the staff.

Sangyeop senior said.

“I ate one properly. How did you do it?”

“I was lucky.”

As I said earlier in the car, I adequately explained why I had to spend that amount.

Sangyeop had a look on his face that he couldn’t believe her.

“Really? Wasn’t the information leaked through insiders?”

“It takes an insider to extract information. Who do we know over there?”

Sangyeop-senpai nodded her head at my words.

“It is.”

Then he added her words.

“But they don’t think so.”

I laughed bitterly.

“That’s their case.”

There is no need for me to go out and correct the misunderstanding.

You probably started digging up where the information was leaking by now. A storm of gratitude will rage within.

Senior Sangyeop had an astonishing expression on his face.

“I’m going to bring in a company worth over $2.9 billion by just a difference of $100,000,” she said. Now, no matter what you do, I am not surprised.”

“… … .”

I think I’m very surprised by that.

I changed the topic.

“How is the company atmosphere these days?”

“It’s messy. Probably because the newcomers came in at once.”

If the production volume is increased at once due to an increase in orders, quality control becomes difficult. If the number of people is also increased at once, work efficiency will decrease. Until newcomers get used to the job, there will be no help.

We should have recruited manpower sooner.

“I’m glad that Michael is doing well though.”

Michael, the general manager of both companies, removed the existing job titles, divided the teams according to tasks, and simplified them to a team leader and an employee.

Some of the existing employees were promoted to team leaders, and new employees were placed under them so that they could effectively adapt to the work.

Senior Sangyeop held out a document.

“Didn’t you ask me to look for a house before that? Take a look at this.”

The house I used to live in has a low fence and the distance between the house next door and the house behind it is close, so it is not suitable for security and security.

So, we left the house intact and stayed at the Grand Dayton Hotel in Samseong Station.

A five-star hotel run by the Dayton Group, an American hotel chain company, Golden Gate owns a 20 percent stake. Therefore, most of the Golden Gate employees who were dispatched or on business trips, as well as Hyunjoo’s sister and Ellie, stayed here.

However, I couldn’t stay in a hotel for a long time, so I was constantly looking for a place to move to.

“This time, CEO Hyunjin Shipping has sold the house.”

Taek-gyu looked at me and asked.

“Hasn’t Hyunjin Shipping gone bankrupt?”

“Huh. I was devastated.”

Although South Korea is a peninsular country, it is practically an island as the only land route is blocked by North Korea.

Therefore, 99% of imports and exports depended on sea transportation, and it had two national shipping companies, Eunseong Merchant Marine and Hyeonjin Shipping.

“Why are you ruined?”

I briefly explained.

The shipping industry is highly volatile due to economic downturns. Charter rates and freight rates plummet during a recession when there is no cargo volume and there are more ships, and conversely, during a boom period, charter rates and freight rates jump more than tenfold.

Therefore, the manager’s management ability and risk management are very important.

Originally, Hyunjin Shipping was run by Dongwook Joo, the younger brother of Hyunjin Group Chairman Joo Ho-young, but after he died of a chronic disease, his wife Chae Young-eun took over the management.

“By the way, Chae-young didn’t mess with her management.”

During the boom period, ship owners paid a huge charter fee and rented a ship on a long-term contract, but the following year, the financial crisis broke out and the entire shipping industry was in a recession.

Fares hit the bottom every day, and the high-priced charter fee that was contracted in advance had to be paid as it is.

Hyunjin Shipping accumulated losses the more it operated, and eventually fell into a state of capital erosion.

“Besides, the relationship with the government was not good.”

Businesses that are friendly to the regime benefit, but those who are stamped are penalized.

Park Si-hyung was close with the Eunsung Car Group and the Lite Group, and these two groups have been on the rise since the current government took office.

On the other hand, Hyunjin group has been filmed for a long time. Therefore, the government chose to kill Hyunjin Shipping instead of saving it by injecting public funds.(Read more @ wuxiax.com)

It’s not manufacturing, it’s transportation. Even if it goes bankrupt, it would be possible to minimize the damage if it was done in an orderly manner, but at the words of the president, the bankruptcy was made swiftly.

When Hyunjin Shipping collapsed overnight, export companies were in an uproar. Due to the nature of the shipping industry, where costs are paid in arrears, boats floating on the sea were unable to travel, and ships that were supposed to leave after completing their shipment were stranded at the port.

As exporters started playing volleyball all at once, freight rates skyrocketed.

“Then won’t Eunsung Cha be a problem? All cars are exported by ship.”

good point

“Not only Eunsung Motors, but PAS and auto parts makers all signed long-term contracts with Eunsung Merchant Marine. So Park Si-hyung was able to fly Hyunjin Shipping without any burden.”

The company went into court management, and the stock was suspended from trading.

However, a surprising fact was revealed during the process. Hyunjin Shipping’s net assets, including the building, have already been transferred to Hyunjin Shipping Holdings, where Chae Young-eun and his children are the major shareholders.

Even two days before the announcement of the trading suspension, he avoided losses by selling all of his shares in Hyunjin Shipping on the stock exchange!

It was clearly insider trading.

The damage was solely the responsibility of individual investors.

When this fact became known, minority shareholders were outraged. Petitions flooded the political circles demanding that the owner family be punished.

Up until this point, Chae Young-eun was confident. Even if the company goes bankrupt, isn’t it a virtue of this country to live with the owner’s family in awe?

Unfortunately, Hyunjin Shipping was an exception to being business-friendly.

When the politicians criticized with one voice and the prosecution began to investigate various allegations, Chae Young-eun quickly appealed in front of the camera with tears that she would dispose of the house she was living in and appear in private affairs in order to relieve any damage to minority shareholders.

Taehyung nodded his head.

“That’s why this house came up for sale.”

I looked at the documents.

The location is near Samseong Station, 5 minutes by car or 20 minutes on foot.

The land area is 280 pyeong, and the total floor area is 140 pyeong. It consists of two basement floors and two above-ground floors.

As it is the place where the president of a large corporation lived, a satellite antenna is installed on the roof so that work can be done from home, and there is no problem with security and security.

There was a separate lodging building where you could enter without getting out of the car, and where bodyguards and housekeepers could stay.

“The price is not listed.”

“I think about 20 billion won.”

I thought for a moment.

“But do you really want to sell this?”

Senior Sangyeop smiled at her and shook her head.

“I’m just praying it doesn’t sell. No matter how much it sells, the money must be distributed to the minority shareholders. Or, I’ll put up a pair of pants and sell them cheap, and then I’ll buy them back later.”

In the first place, Chae Young-eun would not have felt sorry for the minority shareholders of Hyunjin Shipping. He just sold the house where he lived… … He’s probably just trying to avoid responsibility by putting on a show called

I said with a smile.

“To prevent that from happening, I have to buy it at a reasonable price.”